U.S. Weekly Jobless Claims Dip to 197,000 as Continuing Claims Fall
Initial U.S. unemployment claims fell to 197,000 for the week ending September 26, while continuing claims declined to 1.701 million, Labor Department data show.
Foghorn and Lilly End FHD-909 Program; Biotech Plans 40% Workforce Cut
Foghorn Therapeutics and Eli Lilly will not advance the cancer drug FHD-909 after Phase 1 data review, and Foghorn says it will reduce its workforce by about 40%.
Anthropic’s Confidential IPO Filing Reveals Heavy Losses and Cloud Dependence
Reporting on Anthropic’s confidential IPO filing describes heavy operating losses, concentrated cloud relationships and founder voting control.
Japan’s Tankan Shows Eight-Year High in Manufacturer Confidence
Japan’s September Tankan showed manufacturer confidence at an eight-year high, while large non-manufacturer sentiment weakened and inflation expectations remained elevated.
Synopsys and OpenAI Plan GPT-Synopsys for Chip Design
Synopsys and OpenAI announced GPT-Synopsys, a specialized AI model for semiconductor design, while leaving availability and pricing details open.
Disney Is Cutting Several Hundred Jobs Across HR and Technology
Disney is laying off several hundred employees across human resources and technology, according to Reuters and Fox Business reports.
September Housing Data Show Record Price Cuts as Mortgage Rates Top 7%
Realtor.com reported that 20.8% of U.S. listings had price cuts in September as active inventory rose and contract signings declined.
New York City Appeals Order to Restart Second-Home Tax Notices
A Staten Island judge voided New York City's first round of second-home tax notices, but the city appealed, automatically pausing the order while litigation continues.